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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Delayed NSE India Stock Exchange  -  06:23 2022-11-25 am EST
3389.65 INR   +0.28%
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TCS Expands its Aviana™ Suite with SmartMx Co-Created with SIAEC: Digitally Transforms Airline Maintenance Operations

09/19/2022 | 04:40am EST

Tata Consultancy Services Enhances its Solution Suite with Addition of SIAEC's SmartMx to Enable Customers to Digitally Reimagine Their Operations and Enjoy Greater Productivity

SINGAPORE | MUMBAI, September 19, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) and SIA Engineering Company (SIAEC), a major provider of aircraft Maintenance, Repair and Overhaul (MRO) services in Asia-Pacific, have launched SmartMx (Smart Maintenance), as part of the TCS Aviana™ suite. The new solution will enable airlines and MRO service providers to digitally reimagine their maintenance operations leveraging contextual intelligence to enhance operational visibility and improve ecosystem collaboration.

TCS Aviana is a suite of intelligent, digital airline operations solutions that provides a connected view of the end-to-end aircraft maintenance operation. It empowers maintenance teams with information and insights related to flight schedules, routine tasks, defects, parts, tools, and reference manuals on-the-go, helping improve operational efficiencies, enable more consistent turnround times and reduce aircraft on-ground events.

Throughout the pandemic, the TCS suite has helped airlines and MROs address the constantly evolving maintenance requirements - enabling dynamic process changes to Covid-19-related processes and facilitating remote operations caused by unexpected aircraft parking constraints.

TCS Aviana - SmartMx liberates enterprises from the constrains of their legacy systems and disconnected processes, building a human-centric digital system of engagement that leverages advanced technologies. Its digital core seamlessly connects multiple data sources including aircraft location and status, flight schedules, ground operations, people, parts and equipment, enabling both airlines and MRO service providers to benefit from consistent, collective information and insights - facilitating collaboration towards common goals and KPIs.

The solution also leverages big data, machine learning and machine vision to unleash new capabilities, operating and business models. The solution roadmap will deliver AI/ML based advisory capabilities, continuous day of operations planning and closed feedback loops, enabling value chain intelligence to ecosystem partners. This unique solution enables faster response times, proactive planning, improved productivity, and consistent dispatch reliability.

"With international air travel expected to increase exponentially, it is imperative for aircrafts to be in optimal operational condition round-the-clock. The TCS Aviana - SmartMx solution will help customers meet the increased demand from its worldwide client base and play a key role in the sector's overall recovery from the pandemic. This is yet another example of how we help our customers translate their business aspirations into reality," said Ameet Nivsarkar, Country Head, TCS Singapore.

David So, Senior Vice President, Innovation and Technology, SIAEC, said, "We are delighted to collaborate with TCS to launch TCS Aviana - SmartMx which provides visibility, situational feedback, and decision support for our engineers to efficiently carry out operational tasks. This partnership with TCS is key to the success of our digital roadmap. We look forward to achieving more success with them."

About Tata Consultancy Services (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 606,000 of the world's best-trained consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com

TCS media contacts: Asia Pacific

Email: wenjian.lin@tcs.com

Phone: +65 9695 9948

Australia and New Zealand

Email: Kelly.ryan@tcs.com

Phone: +61 422 989 682

Canada

Email: tiffany.fisher@tcs.com

Phone: +1 416 456 7650

Europe

Email: joost.galema@tcs.com

Phone: +31 615 903387

India

Email: vanshika.sood@tcs.com

Phone: +91 22 67789098

Email: saxena.kritika@tcs.com

Phone: +91 22 6778 9999

Middle East & Africa

Email: s.hasneen@tcs.com

Phone: +00971567471988

Japan

Email: douglas.foote@tcs.com

Phone: +81 80 2115 0989

Latin America

Email: alma.leal@tcs.com

Phone: +521 55 2095 6098

UK

Email: peter.devery@tcs.com

Phone: +44 20 3155 2421

USA

Email: james.sciales@tcs.com

Phone: +1 917 981 7651

Disclaimer

TCS - Tata Consultancy Services Ltd. published this content on 19 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2022 08:39:06 UTC.


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Financials
Sales 2023 2 219 B 27 139 M 27 139 M
Net income 2023 423 B 5 170 M 5 170 M
Net cash 2023 344 B 4 213 M 4 213 M
P/E ratio 2023 29,4x
Yield 2023 2,25%
Capitalization 12 403 B 152 B 152 B
EV / Sales 2023 5,44x
EV / Sales 2024 4,92x
Nbr of Employees 592 195
Free-Float 27,7%
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Number of Analysts 39
Last Close Price 3 389,65 INR
Average target price 3 394,95 INR
Spread / Average Target 0,16%
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Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Samir Seksaria Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
K. Ananth Krishnan Chief Technology Officer
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
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